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Standing Wager
Merchant of gloom makes a bet

29 Nov 2008 2:30 AM

An academic who expects zero interest rates within two years and a 40 per cent drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong.

University of Western Sydney associate professor of economics and finance STEVE KEEN made the bet with Macquarie Group interest rate strategist RORY ROBERTSON.


High Scores Longest Chase
Police chase stolen car 250km from Wagga to Canberra

20 Jan 2009 12:21 PM

CANBERRA, Jan 20 AAP - Police have arrested a 26-year-old man in Canberra following a 250km high-speed car chase that started in south-western NSW.

NSW police started pursuing the stolen car in Wagga Wagga on Tuesday morning and ACT Policing took up the chase when the driver crossed the border into the territory.


High Scores
Police dissappointed by young drivers

14 Dec 2008 4:28 PM

Police have arrested a man for driving at 237 kilometres-an-hour on Sydney's Hume Highway.

And .. they say they are extremely disappointed with instances of irresponsible driving by young and inexperienced motorists overnight.


High Scores Possible New Blow
Man blows six times legal limit

31 Dec 2008 2:16 PM

BRISBANE, Dec 31 AAP - Queensland police have caught a man with an alleged blood alcohol reading more than six times the legal limit.

A 28-year-old man from Peak Crossing was stopped overnight for a random breath test in the nearby town of Boonah, south-west of Brisbane, and allegedly blew .303 per cent.


High Scores
P-plate driver returned blood alcohol reading of 0.265

06 Dec 2008 8:18 AM

SYDNEY, Dec 6 AAP - A P-plate driver has returned a blood alcohol reading of 0.265 after allegedly flagging down a police car in northern NSW.

Police said a 26-year-old woman had her licence confiscated after she returned a high-range PCA reading near Tamworth about 8pm (AEDT) on Friday.


Porsche vs Bikes
Porsche and motorcycles in 224km/h road race

20 Dec 2008 4:24 PM

SYDNEY, Dec 20 AAP - The drivers of a Porsche and two motorcycles have had their vehicles confiscated after reaching speeds of more than 220km/h in an alleged road race.

Police say the three men were racing along a 100km/h zone of the Pacific Highway on the far north NSW coast on Saturday about 10.40am (AEST).


Turbo Rice vs RX7
Two drivers to stand trial over passenger death

15 Dec 2008 5:38 PM

MELBOURNE, Dec 15 AAP - Two young men accused of drag racing before a crash that killed a 15-year-old boy will stand trial.

Mitchell Cairnduff, of Wheelers Hill, died when a turbo-charged Mitsubishi Lancer driven by Jarrod Rooke hit a taxi at 120km/h, the Melbourne Magistrates Court heard.


High Scores Oldest Hoon
I'm a skilled driver, says 78yo hoon

By Michelle Draper 06 Jan 2009 5:31 PM

MELBOURNE, Jan 6 AAP - A 78-year-old hoon caught speeding at 170km/h on a narrow country road on New Year's Day told police he was a skilled race driver.

Victorian Premier John Brumby, however, was not impressed with John Belfield's claims, labelling Australia's oldest hoon driver an "idiot", while police said he was toying with death.i


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A Very Normal News Publication
Heralding the arrival of a new publication from The Weird House, the first edition of House Harris, a news publication that should provide a window into current affairs in Australia with articles from the Australian Associated Press who should be credited and duly paid their royalties.
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This is the thing, I actually don't have any dosh and I'm trying to figure out a way to make House Harris work. At the moment the only thing I can do to make revenue is the Google Adsense Ads seen on the newsarticle pages. If you could see your way clear to visit the advertisers from time to time it would help support House Harris.
Feature Story Aust economy continues to falter - WBC/MI survey

SYDNEY, May 27 AAP - The Australian economy continues to falter due to the global economic downturn, a survey shows.

The Westpac/Melbourne Institute leading index of economic activity rose by a mere 0.3 per cent in March and was down 5.1 per cent over the year.


Feature Story Australia best placed to beat recession: survey

A global business survey's found Australia is an economic oasis in the financial storm .. despite pessimistic government and media responses.

One in five international businesspeople have cited Australia as the country best surviving the recession .. in a survey of seven thousand 500 people in more than 24 nations.


Feature Story Turnbull speech empty rhetoric with no solutions, Tanner

SYDNEY, May 14 AAP - Malcolm Turnbull's budget in reply speech was marked by empty rhetoric and offered no solutions to reduce government debt, Finance Minister Lindsay Tanner said.

In his budget-in-reply address on Thursday night, the opposition leader attacked the spiralling levels of debt forecast in the budget and run up by Labor with its "profligate" spending on two economic stimulus packages.


Feature Story Record first home byer share backs stimulus, Rudd

CANBERRA, May 12 AAP - First-time home buyers now account for a record share of new housing loans, proving that stimulus package measures are working, Prime Minister Kevin Rudd says.

First home buyers made up a record 27.3 per cent of all home loans granted in March according to data released on Tuesday, topping the previous peak of 26.5 per cent set in January and February.


Feature Story Big budget deficit fault of government's of "both stripes"

CANBERRA, May 11 AAP - Massive government spending in the boom times means the federal budget will be deep in deficit well after the global financial crisis has disappeared, an independent forecaster says.

Access Economics is forecasting a $58.9 billion deficit for Tuesday's 2009/10 budget, allowing for an extra $9 billion of infrastructure spending and $3.9 billion for pension reform.


Feature Story Declining jobs trend to produce some surprisingly big falls

SYDNEY, May 4 AAP - The trend in employment will turn downward with "rogue" figures showing very steep monthly falls will grow more frequent.

At last measure in March the trend measure of the number of people with jobs estimated by the Australian Bureau of Statistics (ABS) was falling at 5,000 per month.


Feature Story US economy leads the way downhill with Aust close behind

SYDNEY, April 30 AAP - Now is a good time to remind yourself that the past two years, when economic growth in Australia outpaced growth in the United States, were out of the ordinary.

In the past decade Australia has shown tantalising signs of shrugging off its historical tendency to mimic the ups and downs in the US economy.


Feature Story Long-term jobless lessons of '90s recession

CANBERRA, April 24 AAP - Even as Australia sinks into recession for the first time in 18 years, one statistic is still overlooked by the daily news cycle - long-term unemployment.

The Australian Bureau of Statistics defines long-term unemployment as someone of working age who has been out of a job for 12 months or more.


Feature Story Global recession engulfs once booming economy

CANBERRA, April 21 AAP - The global recession - the consequence of many Americans being unable to pay their highly-complex home loans two years ago - has claimed another victim ... us.

Reserve Bank of Australia (RBA) governor Glenn Stevens confirmed most economists' suspicions on Tuesday that the Australian economy is already in recession, for the first time since the early 1990s.


Feature Story Long-term joblessness to persist long after economic recovers

SYDNEY, April 16 AAP - Long after the recession has ended, consumers have resumed spending and businesses are investing once again, one group will be left behind - the long-term unemployed.

It has long been known that demand for labour waxes and wanes in response to changes levels of production of goods and services.


Feature Story US captain's rescue raises stakes in piracy ops

KUALA LUMPUR, April 13 AP - The killing of three Somali pirates in the dramatic US Navy rescue of a cargo ship captain has sparked concern for other hostages and fears the stakes have been raised for future hijackings in the lucrative Indian Ocean shipping lane.

Sunday's rescue followed a raid at sea on Friday by French navy commandos, who stormed a pirate-held sailboat, the Tanit, killing two pirates and freeing four French hostages. The French owner of the vessel was killed in the assault.


Feature Story Jobless rate hits 5-year high and worse to come - economists

SYDNEY, April 9 AAP - Australia has posted the largest monthly jump in unemployment in 18 years, as the global downturn hits the local economy.

The nation's jobless rate rose 0.5 percentage points in March to 5.7 per cent, a five-and-a-half year high, Australian Bureau of Statistics (ABS) data on Thursday showed.


Feature Story Obama leads world condemnation of North Korea

PRAGUE, April 5 AFP - US President Barack Obama led global condemnation of North Korea's rocket launch on Sunday, calling it "a provocative act" for which Pyongyang must be punished.

South Korea said it was "reckless" and put its armed forces on heightened alert, as did Japan. China and Russia pleaded for restraint as the UN Security Council was summoned to an emergency session in New York later on Sunday.


Feature Story World stocks skyrocket after G20 summit boost

LONDON, April 2 AFP - Global stocks shot up on Thursday amid greater optimism following a G20 summit in London that boosted efforts to save the world economy and after an uptick in US manufacturing orders.

On Wall Street, the Dow Jones Industrial Average rose 3.45 per cent and the tech-heavy Nasdaq index was up 3.83 per cent at 1600 GMT.


All House Harris News Articles are individually selected by The Editor
Main Feature Story
Economy - things might not turn out as badly as expected

By Garry Shilson-Josling, AAP Economist 29 May 2009 4:03 PM

With the global economy in recession and Australia waiting for news on Wednesday that gross domestic product fell for the second consecutive quarter, it is hard to imagine the slump might not be as steep or as prolonged as it is widely predicted to be.

And perhaps a gloomy outlook for Australia is justified.

After all, recessions sparked by financial system crises, as this one has been, tend to be more severe than others, as both the Reserve Bank of Australia (RBA) and the International Monetary Fund have been at pains to point out recently.

Key indicators certainly suggest there is worse to come before Australia turns the corner.

Just this week the Australian Bureau of Statistics (ABS) released its survey of business capital spending plans for the remainder of 2008/09 and 2009/10.

Continued .....

Regularly Updated News As It Arrives From The Editor
House Harris News

Vic: Police under fire for excessive force in Indian protest
MELBOURNE, June 1 AAP - Police have come under fire, accused of using excessive force to break up an all-night rally as the fallout over attacks on Indian students deepens.

Fed: Swine flu tally hits 400, as Vic cases surge
CANBERRA, June 1 AAP - Australia's swine flu tally has passed 400 as Victoria recorded a massive surge in cases, most of them children.

NSW: Man charged over pub holdup police shooting
SYDNEY, June 1 AAP - A policeman shot during an armed siege at a Sydney pub accepts that he could have been killed, but says his training has equipped him to deal with such life-or-death situations.

National greenhouse gas emissions up
CANBERRA, June 1 AAP - Evidence of Australia's mounting carbon pollution levels strengthens the case for emissions trading, says Climate Change Minister Penny Wong.

Vic: Pandemic plan doesn't fit virus
MELBOURNE, June 1 AAP - Victoria is in uncharted territory as it struggles to contain the swine flu outbreak, with a pandemic plan that fails to fit the characteristics of the virus.

Fed: Regional areas will suffer under Labor roads plan: Truss
CANBERRA, June 1 AAP - The Nationals say they're willing to support Labor's plan to "rebadge" the Auslink road and rail program, but they won't allow funds to be redirected away from regional Australia.

ASIA: Indonesian model tells of escape from 'abusive' prince
JAKARTA, June 1 AFP - A teenage US-Indonesian model has returned to her family in Indonesia with tales of abuse, rape and torture at the hands of a Malaysian prince, after her dramatic escape with the help of Singapore police.

PAC: NZ conman who fled to Australia jailed
A New Zealand financial adviser who fled to Australia after ripping off nearly 80 thousand dollars from five victims .. has been jailed for two and a half years.

Fed: National swine flu tally at 209=3D3
Prof Bishop said pregnant women, people with respiratory problems, such as asthma or chronic airways disease, and diabetics were particularly susceptible to swine flu.

ASIA: Activity spotted at two NKorea missile sites: US officials
WASHINGTON, May 29 AFP - US satellite photos have revealed vehicle activity at two sites in North Korea suggesting the regime may be preparing to launch a long-range ballistic missile, two US defence officials said on Friday.

US: Wikipedia blocks Scientology from altering entries
SAN FRANCISCO, May 29 AFP - Wikipedia has blocked the Church of Scientology from editing entries at the communally-crafted online encyclopedia due to an unrelenting battle over the group's image.

Fed: Six new confirmed cases of swine flu in NSW
SYDNEY, May 30 AAP - There are six new confirmed cases of swine flu in NSW, health authorities say.

Qld: Passengers don't have swine flu
BRISBANE, May 30 AAP - Seven passengers on the cruise ship Pacific Dawn have returned negative tests for swine flu, Queensland Health said on Saturday.

US: New Obama 'czar' to thwart cyber spies, hackers
WASHINGTON, May 29 AFP - US president Barack Obama says he will name a White House "cyber czar" to deter and defend against mounting criminal, espionage and hacker attacks on US government and private computer networks.

ASIA: North Korea vows response if UN imposes sanctions
SEOUL, May 29 AFP - North Korea fired another short-range missile on Friday and threatened fresh steps if world powers impose sanctions for its nuclear test, amid signs it may be readying a new long-range launch.

CIS: Space station crew doubles to six for first time
MOSCOW, May 29 AFP - Three new astronauts have boarded the International Space Station (ISS) from a Russian space capsule, doubling its permanent crew to six for the first time.

QLD: Authorities confirm 11 cases of swine flu
A Queensland passenger who travelled on the Pacific Dawn cruise ship's last voyage has tested positive for swine flu .. bringing the total number of cases in the state to 11.

QLD: Authorities confirm 11 cases of swine flu
A Queensland passenger who travelled on the Pacific Dawn cruise ship's last voyage has tested positive for swine flu .. bringing the total number of cases in the state to 11.

Vic: Flu cases hit triple figures but no sport restrictions
The number of Victorians infected with swine flu has spilled into triple figures .. as tens of thousands of people prepare to pack football stadiums this weekend.

ASIA: Rudd calls for 'harsh' North Korea sanctions
SINGAPORE, May 30 AP - Australian Prime Minister Kevin Rudd has called for "harsh" sanctions against North Korea for conducting nuclear tests, saying the communist nation will only respond to a unified show of strength by the world.

US: Photos show activity at North Korean missile site: US
WASHINGTON, May 29 AFP - US satellite photos have revealed vehicle activity at a site in North Korea, suggesting the regime may be preparing to launch a long-range ballistic missile, two US defence officials say.

ACCC says won't opposed Hutchison, Vodafone Aust merger
SYDNEY, May 29 AAP - The competition watchdog says it won't opposed the planned merger of the Australian mobile communications businesses of Hutchison Telecommunications (Australia) Ltd and Vodafone plc.

Vic: Fan who cyber-stalked American Idol singer jailed
MELBOURNE, May 29 AAP - A Melbourne woman who cyber-stalked an American Idol contestant has been jailed for 26 months.

NSW: Damaged $2 coins due for melting appear in Sydney scam
SYDNEY, May 29 AAP - Thousands of damaged Australian two-dollar coins seized during an alleged money laundering scam in Sydney were supposed to have been melted down in Korea.

Fed: Australia a "laughing stock" over Murray-Darling
CANBERRA, May 29 AAP - Australia is fast becoming an international "laughing stock" over its mismanagement of the Murray-Darling Basin, an environmental expert says.

Economy - things might not turn out as badly as expected
SYDNEY, May 29 AAP - Maybe things won't turn out so badly.

PAC: NZ lacks capacity to fight Somali pirates - govt spokesman
WELLINGTON, May 29 NZPA - The United Nations asked New Zealand to help fight piracy in waters off Somalia but the navy does not have the capacity, a spokesman for New Zealand Defence Minister Wayne Mapp says.

NSW: Man blamed wife after arrest for daughter's murder: court
SYDNEY, May 27 AAP - After a couple were arrested for the murder of their seven-year-old daughter, the man allegedly pointed to his wife and told police: "It was her, all her fault".

MID: Israeli submarine rescues swimmer 8km offshore
JERUSALEM, May 27 AP - A swimmer who was swept more than eight kilometres offshore from an Isreali beach has been rescued after he was spotted by the crew of an Israeli navy submarine.

Vic: Killer "trapped" in dysfunctional relationship:court
MELBOURNE, May 27 AAP - A man who strangled his de facto wife then buried her in their backyard after years of emotional abuse had become trapped in a controlling and dysfunctional relationship, a jury has heard.

Fed: Roxon calls for "nice and proper" flu etiquette
CANBERRA, May 27 AAP - Federal Health Minister Nicola Roxon is asking the public to follow a "nice and proper" swine flu etiquette in an attempt to control the rapidly spreading virus.

Qld: Civilian operator to be interviewed over police bungle
A civilian operator in Queensland who took two calls about a murder .. at Maroochydore's police communication centre on Monday night .. will be quizzed today to find out why they weren't followed through.

Aust economy continues to falter - WBC/MI survey
SYDNEY, May 27 AAP - The Australian economy continues to falter due to the global economic downturn, a survey shows.

Vic: Don't panic over swine flu, health experts urge
MELBOURNE, May 27 AAP - Health experts say swine flu is no more harmful than the ordinary flu at this stage and that there is no need to panic.

NSW: Tasmanian man faces NSW court over 1960s sex assault claims
A Tasmanian man is the eighth person to face charges over historic sexual assault claims at a rural New South Wales boys' boarding school.

NSW: Police urge anonymous author to come foward
SYDNEY, May 26 AAP - The anonymous author of a letter to police about the suspicious disappearance of a NSW woman has been urged to contact detectives.

Qld: Five new cases of swine flu in Queensland
Five new positive cases of swine flu have been confirmed in Queensland.

Fed: Australia best placed to beat recession: survey
A global business survey's found Australia is an economic oasis in the financial storm .. despite pessimistic government and media responses.

Vic: Govt promises support for homebound swine flu victims
The Victorian government says it's working closely with local government to ensure everyone in quarantine because of swine flu is properly supported.

NSW: Off-duty cop charged with assaulting working officer
SYDNEY, May 26 AAP - An off-duty police officer has been charged with assaulting a uniformed colleague during a drunken scuffle in northern NSW.

NSW: Two more swine flu cases from cruise ship =3D2
NSW Health officials are in contact with these passengers to provide advice and to arrange free distribution of Tamiflu to passengers with symptoms.

Fed: Women as keen as men for group sex: survey
SYDNEY, May 26 AAP - Australian women are as keen as men to take part in consensual group sex, and they initiate it almost as often.

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